Bitcoin mining boosts the transition to renewable energy

[Papusha20]

Bitcoin mining is often sold as a danger to the environment, but what if BTC could be a tool to enhance the transition to renewable energies?


The global popularity of Bitcoin
BTC

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$43,456

 has resulted in its network energy consumption sitting at 147.3 terawatt-hours per year as of Jan. 19, 2024.

This puts the network close to the yearly average energy consumption of countries such as Ukraine, Malaysia and Poland, according to the University of Cambridge.

This nation-state level of electricity consumption, no small part of which is generated by fossil fuels, has created a narrative of Bitcoin mining being harmful to the environment. Its carbon footprint, high energy demand and water consumption may be well-founded metrics but are often used to show only one side of the coin.
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[famososMuertos]

It is a hot topic of discussion when good things happen with bitcoin, we are about to have the Halving happen and the opinion matrices begin to be generated, and the worst thing next to hitting bitcoin, when it is in its process of adaptation and improvement to energy renewables, it is something that requires time, there are traditional companies that follow this process of jumping to green energy and have been in existence for more years.

On the other hand, it seems to me that there is a similar topic but the context changes.

Re: Bitcoin became “greener and cleaner”

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[SamReomo]

Most miners will try their best to move to renewable energy because that will help them to earn consistent income from mining for long term.

According to many news reports more than 50% of Bitcoin mining is done via renewable resources. The ones who are against Bitcoin want to prove that Bitcoin mining is harmful for environment.

Those people just want to create propaganda nothing else. We should learn to ignore such people because listening to them is going to waste our precious time.

[bitmover]

Bitcoin mining is often sold as a danger to the environment, but what if BTC could be a tool to enhance the transition to renewable energies?

I think the point is that bitcoin mining can be used where energy is wasted.

I recently saw a place where they heated pools using bitcoin mining rigs. So, instead of just wasting energy to heat pools, they are cooling their rigs and heating water pools. Very interesting.

https://kotaku.com/bathhouse-nyc-spa-bitcoin-asics-1850958168

[Stompix]

I recently saw a place where they heated pools using bitcoin mining rigs. So, instead of just wasting energy to heat pools, they are cooling their rigs and heating water pools. Very interesting.
https://kotaku.com/bathhouse-nyc-spa-bitcoin-asics-1850958168

Hihi, they went hard for the “essentially energy-neutral” only to regret it when asked more about it.

I mean it's pretty obvious, heating the pool takes an amount of energy, heating the pool with asics or with electric boilers is the same thing, the same amount of energy will be needed to raise the temperature of the water, it's physics.
The only thing that definitely changes is that they make money from that on top.

The Day Pass requires you check in at a specific time, but you can hang out as long as you want, so it was incredibly crowded, with bodies lining the perimeter of all three pools, lounging prone on its heated marble slabs, and lurking in the dark recesses of its three saunas.

Yup, this is why I don't like saunas that have a ton of customers, it's a weird feeling that becomes worse by the second.

[NikeFit_7777]

Very interesting news the other day out. I recommend reading + thinking about it.

"U.S. mining companies are not the primary sellers of bitcoin most likely to be offshore or older miners."

P.S. Do you think it's possible that they are intentionally selling via over-the-counter (OTC) transactions? Intentionally, so that unnecessary people would not have questions such as: "what/why/where/from/for what, etc.".